Debenhams, Sainsbury’s and M&S among major retailers

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More than 50 major retailers are demanding the government reform the taxes charged on their shops.

Companies such as Debenhams, Sainsbury’s and Marks & Spencer are asking Chancellor Sajid Javid for “fundamental” reforms to business rates to level the playing field against their online competitors.

“Retail accounts for 5% of the economy yet pays 25% of all business rates – this disparity is damaging our high streets and harming the communities they support.”

The letter also calls for a freeze in the business rates multiplier, which is set by the government and adjusted each year in line with inflation.

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